Economicus: Jurnal Ekonomi dan Manajemen
Vol. 17 No. 2 (2023): DESEMBER

ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020

Zakaria Hamzah, Zeze (Unknown)
Fitriyani (Unknown)
Muhlis (Unknown)
Satria Rukmana, Heru (Unknown)
Muchammad Hamdani (Unknown)



Article Info

Publish Date
21 Dec 2023

Abstract

This research is about financial distress analysis using the Altman Z Score and Springate models to predict financial distress in property companies, especially PT Binakarya Jaya Abadi, Tbk for the 2016-2020 period. The results of this analysis are two results obtained from the Altman Z modelScore and Springate. The results of the prediction of financial distress are for the Altman Z-Score model in 2016 to obtain a ratio of 2.7470 indicating a prediction of not going bankrupt, in 2017 obtaining a ratio of 3.8066 indicating a prediction of not going bankrupt, in 2018 obtaining a ratio of 3.5711 indicating prediction of not going bankrupt, in 2019 obtaining a ratio of 3.2854 indicating a prediction of not going bankrupt and in 2020 obtaining a ratio of 0.6885 indicating a prediction of bankruptcy. Whereas for the Springate model in 2016 it obtained a ratio of 0.3999 indicating a prediction of bankruptcy, in 2017 it obtained a ratio of 0.5862 indicating a prediction of bankruptcy, in 2018 it obtained a ratio of 0.5526 indicating a prediction of bankruptcy, in 2019 it obtained a ratio of 0 .4408 indicates a prediction of bankruptcy and in 2020 obtains a ratio of 0.0292 indicating a prediction of bankruptcy.

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Journal Info

Abbrev

economicus

Publisher

Subject

Economics, Econometrics & Finance Other

Description

Jurnal Economicus merupakan jurnal ilmiah yang diterbitkan oleh Sekolah Tinggi Ilmu Ekonomi (STIE) Dewantara yang memuat informasi hasil kegiatan penelitian dan gagasan konseptual di bidang ekonomi dan ...